In a dramatic development in the world of cryptocurrencies, Russian authorities arrested Vladimir Smirkis, the former head of Binance in the CIS, and former co-founder of the Blum platform.
What’s the story?
A Moscow court issued a ruling to arrest him on charges related to large-scale fraud.
He is suspected of deceiving investors in his previous project, The Token Fund, in 2017, where he promised to double their money, then abruptly closed the project in 2018 without returning the funds.